Deferred Compensation
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County of Sacramento
457 Plan
Deferred Compensation Specialist:
(916) 874-2020
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Sacramento County Deferred Compensation 457 Plan
Participation
The Sacramento County Deferred
Compensation Plan (the Plan) is an Internal Revenue Code Section 457
non-qualified government deferred compensation plan. The Plan document is
contained in Section 2.83 of the County Code. The plan provides
retirement, disability, and death benefits for employees who choose to
participate. When a participant leaves County service, the participant may
elect when to begin receiving benefits (no later than March of the year after
reaching age 70 1/2). Each participant determines benefit amounts based on
the amount of contributions by the participant, any account gains or losses, and
how the participant wants the account paid out. Essentially, participants
are deferring payment of taxes on currently earned wages to a time in the future
when the account distribution is used to supplement retirement benefits and will
be taxed at that time. Employees may enroll at any time during the year.
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For:
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Hardship Withdrawal
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3-Year Limited Catch-Up
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Deferred Compensation Workshop Schedules
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Qualified Domestic Relations Orders (QDRO)
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Plan Document
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Final Compensation Amendment
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Other Questions on your 457 Plan
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Contact a Deferred Compensation Specialist:
Phone: 916-874-2020
Fax: 916-874-8419
E-mail:
PSDBenefits@saccounty.net
Interoffice Mail Code:
09-6750
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For:
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Enrollment
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Account Balance
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Changes in Beneficiaries
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Changes in Investment Allocation
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Changes in Contribution Amounts
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Purchase and Sale of a Certificate of
Deposit (CD)
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Information about the Loan Program
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Request a BrokerageLink Account Kit
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Contact
Fidelity Investments:
Phone: 800-343-0860
Website:
www.fidelity.com/atwork
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Last
Check:
In order to request a 457 Plan contribution from your very last check from the
County up to the maximum for the current year, you must complete and send the "Final
Compensation Amendment"
form to the Deferred Compensation Office at least one month prior to your
separation from the County.
Pamphlets:
County of Sacramento Deferred
Compensation Plan--Overview for current and prospective participants
457 PST Plan (Part-Time/Seasonal/Temporary)
County of Sacramento Deferred Compensation 457 Plan Loan Program
Additional Features:
Loan Program
Fidelity
BrokerageLink
Fidelity Fund Changes
Inquire about the availability of documents in
alternate formats.
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Text only 